CPI Card Group (NASDAQ: PMTS) director reports RSU grant and exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CPI Card Group Inc. director Valerie Soranno Keating reported routine equity compensation activity involving restricted stock units. She received a grant of 2,164 RSUs, each representing one future common share, which vest on the first anniversary of the March 31, 2026 award date, subject to continued service or the award terms. She also exercised 1,072 deferred RSUs granted on March 31, 2025, converting them into 1,072 shares of common stock at no cash price. Following these transactions, she directly holds 33,426 shares of common stock and 2,164 RSUs that will settle in shares after vesting and upon separation from service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,072 shares exercised/converted
Mixed
3 txns
Insider
Soranno Keating Valerie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2,164 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,072 | $0.00 | -- |
| Exercise | Common Stock | 1,072 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 2,164 shares (Direct);
Common Stock — 33,426 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents the right to receive one common share of the Issuer upon vesting of such RSU. This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer. The 2,164 RSUs reported on this line vest on the first anniversary of the March 31, 2026 award date, subject to the reporting person's continued service through such date or as otherwise provided for in the applicable award agreement. This line reports 100% of the deferred RSUs that were awarded on the March 31, 2025 award date, which vested on the 12 month anniversary of the award date.
Key Figures
RSU grant: 2,164 RSUs
RSU exercise: 1,072 RSUs
Common shares after transactions: 33,426 shares
+1 more
4 metrics
RSU grant
2,164 RSUs
Granted March 31, 2026, each for one common share
RSU exercise
1,072 RSUs
Deferred RSUs exercised March 31, 2026 into common stock
Common shares after transactions
33,426 shares
Direct common stock holdings following RSU exercise
RSU grant price
$0.00 per unit
Grant and conversion price for RSUs as compensation
Key Terms
Restricted Stock Units, deferred RSUs, separation from service, vesting, +1 more
5 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the right to receive one common share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
deferred RSUs financial
"This line represents deferred RSUs. The shares of Common Stock underlying these RSUs will be issued"
separation from service financial
"will be issued to the Reporting Person following the Reporting Person's separation from service with the Issuer"
vesting financial
"RSUs reported on this line vest on the first anniversary of the March 31, 2026 award date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
award date financial
"were awarded on the March 31, 2025 award date, which vested on the 12 month anniversary"
FAQ
What insider transactions did PMTS director Valerie Soranno Keating report?
Valerie Soranno Keating reported equity compensation activity, not open-market trades. She received 2,164 new restricted stock units and exercised 1,072 deferred RSUs into 1,072 common shares, all at a price of $0.00 per share as part of her director compensation.
How many PMTS restricted stock units were granted in this Form 4 filing?
The filing shows a grant of 2,164 restricted stock units. Each RSU represents the right to receive one CPI Card Group Inc. common share upon vesting, giving the director additional future equity exposure aligned with the company’s long-term performance and her continued board service.
When do Valerie Soranno Keating’s newly granted PMTS RSUs vest?
The 2,164 RSUs vest on the first anniversary of the March 31, 2026 award date. Vesting is subject to her continued service through that date or as otherwise provided in the applicable award agreement, linking the equity award to ongoing board tenure.
What are deferred RSUs mentioned in the PMTS Form 4 footnotes?
Deferred RSUs are restricted stock units whose underlying shares are delivered after separation from service. The filing notes that the reported deferred RSUs convert into common stock when the reporting person leaves CPI Card Group Inc., delaying share issuance while preserving equity-based compensation value.